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It's below the opening price which is not a big deal. FB on the other hand quickly dipped below the offering price. If the 3 days expected value of a recent IPO is significantly different from the opening price, that would create an easy arbitrage opportunity.


> It's below the opening price which is not a big deal.

It is if you bought at the opening. Retail investors don't get to participate at the offering price.


Stocks go up and down. If you're shocked that a stock you bought at 25 is now trading at 24 you probably shouldn't be trading.


Retail investors shouldn't be gambling on IPOs.


yeah but it isn't as headline worthy. There is a syndicate of investment banks legally propping up the price at $17 for a short time. If selling pressure somehow breaches the syndicate bid, HOUSTON WE HAVE A PROBLEM.


Yeah, that was kind of my point. Whether or not it's a big deal depends on who you are.




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